The Role of SEZs and Industrial Parks in the Manufacturing Industry

Sustainable Development Goal 9 was formulated and adopted in view of Africa’s inefficacy to industrialize. This policy intends to ‘build resilient infrastructure, promote sustainable industrialization and foster innovation’. Industrial growth is recognised as one of many nation’s high priorities, due to this fact numerous rising opportunities abound for Africa to industrialize. To seize such opportunities, African governments are required to implement innovative approaches to industrial policy, one of which is an increased focus on the role of Special Economic Zones (SEZs) and industrial parks as instruments of commercial improvement.
Industrial Parks and SEZ’s are two of the spatial interventions recognized by the South African authorities and are subsequently aligned with world approaches. Industrial spaces may be leveraged as catalysts for socio-economic growth. All issues thought of, such spaces are recognised as enablers and are therefore often managed as such, and not for rent-seeking functions. Moreover, industrial parks and SEZs successfully lend themselves as spaces for piloting and experimentation of new technologies and different approaches to industrial improvement, as properly as for neighborhood and environmental programmes owing to the nexus between these three features.
Industrial parks and SEZs, in addition to related industrial areas, have the potential to develop the financial system as a outcome of owing to the alternatives for employment and establishing new companies and worth chains. This consequently develops the tax base and native financial exercise which is critical in facilitating social growth. The myriad of interventions established through industrial spaces help industrial and financial improvement, the transition to smart cities and transformation to a green financial system as well as facilitate adoption of 4th Industrial Revolution solutions. What’s more, such interventions provide a platform for widespread engagement of multiple stakeholders that supports win-win outcomes serving financial, social and environmental interests. Accordingly, industrial parks and SEZ’s have the propensity to provide elevated worth, assuming the necessary planning and implementation is pursued proactively.
READ: Germany pledges US $116M for renewable energy in Africa
There are currently an estimated 4000 industrial zones globally (SEZ’s, EPZ, FTZ’s etcetera), evidently demonstrating the validity of such mechanisms. There is, however, debate as to the success of these zones and analysis has subsequently recognized a quantity of success components, similar to governance, enabling regulatory frameworks, location and kinds of providers supplied. Suffice it to say, it stays worthwhile to explore the training gained in executing such areas and the impact on supporting financial actions in a sustainable method that help constructive industrial, social and environmental outcomes.
The Special Economic Zones and Industrial Parks Programmes of the Department of Trade, Industry and Competition (the dtic) will play a critical role within the effectuation of South Africa’s financial reconstruction and restoration plan. This ultimately stems from the SEZ Programme representing the core of the reimagined industrial technique, which is purposefully structured to stimulate native and foreign direct investments.
Notwithstanding the catastrophic influence of the COVID-19 pandemic on international economies, the worth of private investments within the South African SEZs noticed a R1.8 billion improve from March 2019 to March 2020, while the number of operational investments rose from 129 to 143 in the same time frame. It is projected that the quantity and value of operational investments will increase by virtually R10 billion when the following financial year ends.
Industrial Parks and Special Economic Zones represent a key feature within the conference of the upcoming and eagerly awaited Manufacturing Indaba. The virtual convention and exhibition, to be hosted between 22 – 25 November 2021, is about to assemble international trade experts to handle technological innovations and evolving tendencies, while seeking actionable options to pressing challenges. pressure gauge trerice ราคา will empower thought leaders to trade ideas, insights and experiences and serves to lift awareness of emerging alternatives throughout the realm that’s manufacturing.

Scroll to Top